India’s IndiGo Reports Fourth Straight Loss On COVID-19 Hit

Interglobe Aviation Ltd, which runs India’s biggest airline IndiGo, reported its fourth straight quarterly loss on Thursday, as the COVID-19 pandemic kept air travel well below normal levels.

The company reported a net loss of 6.27 billion Indian rupees ($85.9 million) in the three months ended Dec. 31, compared with a profit of 4.9 billion rupees a year earlier.